16 May 2009

The real tax take story...

Interesting little tax 'game' over on the BBC website this week that asks how much tax as a percentage of GDP the current government is taking is. 

The answer (somewhat to surprisingly to many I am sure) is: 

"Labour consistently takes a smaller share of national income than Mrs Thatcher, close to John Major, but forecast to fall in the current recession to the lowest for decades, before rising again."
Obviously the simple answer for this is mind-boggling amounts of borrowing, but it just goes to show that the repetitive Conservative claims that this Government is taking unsustainable levels in taxation as a percentage of GDP just don't stand up to scrutiny.

Full article here

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1 comment:

Anonymous said...

Taxes need to rise! We can't keep pretending that we can have a swedish welfare state on american tax rates!